🔴 IREN Ltd is trading 7.07% down today as crypto weakness and a broader tech selloff weigh on shares

IREN Ltd is trading 7.07% down at $60.85 after weakening crypto markets and a Nasdaq selloff pressured crypto-linked equities.

• Bitcoin and Ethereum have fallen over 3.4% and 3.5% respectively in the last 24 hours, dragging down the digital asset sector.
• Broad market risk-off sentiment is weighing on tech, with the Nasdaq Composite down 0.66% as a selloff in Broadcom hit the semiconductor and AI groups.